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ABC Impact Secures First Close Of Fund II With Support From New Investors

ABC Impact, Asia’s leading impact private equity firm announce the successful first closing of its second impact fund, ABC Impact Fund II. Launched in August 2023, ABC Impact Fund II has garnered support from new investors, notably a Southeast Asian sovereign wealth fund.

ABC Impact, Asia’s leading impact private equity firm announce the successful first closing of its second impact fund, ABC Impact Fund II. Launched in August 2023, ABC Impact Fund II has garnered support from new investors, notably a Southeast Asian sovereign wealth fund.

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Bolstered by the track record of its inaugural fund, ABC Impact has also received significant backing from existing partners, including Temasek Trust, Temasek, SeaTown Holdings, and Mapletree Investments. Fund II Assets Under Management (AUM) now exceeds US$550 million, with the final close expected in 2024.

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“We are pleased to achieve the first closing of ABC Impact Fund II with strong support from both our new and existing partners. The robust interest in Fund II is a validation of the strategy embedded in our inaugural fund. With a steadfast commitment to disciplined and evidence-based impact investing, we are particularly encouraged by the enthusiasm of new investors joining our mission. As we continue to drive meaningful change through our portfolio of purposeful companies, we look forward to more like-minded partners joining us,” said David Heng, CEO of ABC Impact.

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ABC Impact Fund II is expected to hold its final close in 2024, marking a significant milestone for ABC Impact as it continues to advance sustainable solutions and drive positive transformations in Asia. The fund is poised to further expand its impact-driven initiatives across the region.

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About ABC Impact

Established in 2019, ABC Impact is a Singapore-headquartered and Asia-focused private equity fund dedicated to impact investing. We invest in companies that drive positive change by addressing the world’s most pressing challenges such as climate change, resource scarcity, and deepening inequality. ABC Impact investment themes include financial and digital inclusion, better health and education, climate and water solutions, and sustainable food and agricultures.

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